Author: PPD Team Date: November 12, 2024
Power Finance Corporation Limited (PFC) reported a net profit of Rs 72.15 billion for the quarter ending September 2024, an 8.86 per cent increase from Rs 66.28 billion in the same quarter last year.Â
The company’s total income also rose by 15.04 per cent, reaching Rs 257.55 billion compared to Rs 223.87 billion in the previous year’s corresponding period.
Author: PPD Team Date: December 2, 2024 The Government of the Philippines has initiated the MTerra Solar Project in Nueva Ecija and Bulacan, with an investment of $3.4 billion. The project aims to generate 4,500 MWh of energy, supplying electricity to approximately 2.4 million homes by 2027. This initiative is a collaboration between Terra Solar Philippines, Meralco PowerGen Corporation (MGEN), and SP New Energy Corporation (SPNEC). It is expected to reduce carbon emissions by over…
Author: PPD Team Date: February 28, 2025 Adani Saur Urja (LA) Limited, a subsidiary of Adani Green Energy Limited (AGEL), has received a Letter of Award (LoA) from Uttar Pradesh Power Corporation Limited (UPPCL) for energy storage capacity from the 1,250 MW Pumped Storage Project in the Sonbhadra district. The annual fixed cost payable under the LoA is Rs 76.53 million per MW per year, excluding taxes, for a 40-year period from the Commercial Operation…
Author: PPD Team Date: September 22, 2025 Adani Green Energy Limited has informed stock exchanges that its subsidiary has created two wholly-owned companies focused on renewable power generation. Adani Renewable Energy Holding Eleven Limited, a subsidiary of Adani Green Energy, incorporated Adani Ecogen One Limited and Adani Ecogen Two Limited on September 19, 2025. The incorporation was filed with the Registrar of Companies in Gujarat at Ahmedabad. Both entities have authorised and paid-up share capital…
Author: PPD Team Date: December 26, 2024 India’s solar module manufacturing industry is poised for significant growth over the next five years, driven by domestic demand projected at 50-55 gigawatts (GW) annually from FY24 to FY30, according to a report by CRISIL. This growth will lead to oversupply, creating export opportunities starting from FY25. In FY24, India exported about seven GW of solar modules, which accounted for 50% of domestic production. However, by FY30, exports…
Author: PPD Team Date: September 16, 2025 NTPC Green Energy Limited (NGEL) has announced that 100 MW (Lot-6) of capacity from IRCON Renewable Power Limited’s (IRPL) 500 MW project has been declared under commercial operation, effective 17 September 2025. With this addition, IRPL has reached 400 MW of cumulative commissioned capacity. IRPL is a joint venture in which Ayana Renewable Power Private Limited holds a 24 per cent stake. Ayana is a wholly owned subsidiary…
Author: PPD Team Date: November 20, 2024 The Reserve Bank of India (RBI) has announced the issuance of Rs 200 billion in sovereign green bonds across four equal tranches during the second half of fiscal year 2024-25. These bonds will fund projects in renewable energy, clean transportation, sustainable water management, and other climate-focused sectors. The first tranche of Rs 50 billion with a 10-year tenor will open for subscription from November 25 to 29, 2024….